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Automotive Ceramics Market Trends

Report ID: GMI9622
Published Date: May 2024
Report Format: PDF

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Automotive Ceramics Market Trends

The automotive ceramics industry is experiencing several key trends. There is a growing integration of ceramics in electric and hybrid vehicles, where their thermal and electrical properties are highly valued. Advancements in manufacturing technologies, such as 3D printing, are making ceramics more accessible and cost-effective. Additionally, the shift towards autonomous vehicles is driving demand for high-performance sensors and electronics, where ceramics play a crucial role. Environmental regulations and the push for sustainability are also encouraging the use of ceramics for their durability and lower environmental impact.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of automotive ceramics reached USD 2.46 billion in 2023 and is set to witness 5.7% CAGR between 2024 and 2032, due to environmental regulations and technological advances for enhancing ceramic applications in automotive components.

The zirconia oxide segment held over 44% revenue share in 2023, owing to their exceptional mechanical properties, ideal for automotive components requiring high durability and reliability, enhancing vehicle performance, and reducing emissions.

Asia Pacific market size is expected to reach USD 1.49 billion by 2032, attributed to the growing vehicle production, economic growth, urbanization, and government initiatives for promoting fuel efficiency and emission reductions.

3M, Almatis GmbH, Ceramtec GmbH, Coorstek Inc., Corning Incorporated, Elan Technologies, Ferrotec Corporation, Hoganas AB, Ibiden Co., Ltd., and Kyocera Corporation.